MarketAxess Holdings Inc. (NASDAQ:MKTX) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in MarketAxess Holdings Inc. (NASDAQ:MKTX) by 4.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,731 shares of the financial services provider’s stock after selling 73 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in MarketAxess were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MKTX. FMR LLC lifted its position in shares of MarketAxess by 17.5% in the 3rd quarter. FMR LLC now owns 1,959,043 shares of the financial services provider’s stock worth $501,907,000 after buying an additional 291,134 shares during the last quarter. Castle Hook Partners LP acquired a new stake in shares of MarketAxess in the 3rd quarter worth about $42,967,000. Geode Capital Management LLC increased its holdings in shares of MarketAxess by 14.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,076,877 shares of the financial services provider’s stock worth $275,122,000 after acquiring an additional 139,949 shares during the period. Savant Capital LLC increased its holdings in shares of MarketAxess by 8,277.4% in the 4th quarter. Savant Capital LLC now owns 119,797 shares of the financial services provider’s stock worth $27,079,000 after acquiring an additional 118,367 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of MarketAxess in the 3rd quarter worth about $30,229,000. 99.01% of the stock is currently owned by institutional investors.

Insider Transactions at MarketAxess

In other news, General Counsel Scott Pintoff sold 300 shares of MarketAxess stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $240.57, for a total value of $72,171.00. Following the transaction, the general counsel now owns 8,302 shares of the company’s stock, valued at $1,997,212.14. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.66% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of MarketAxess from $265.00 to $240.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on shares of MarketAxess from $251.00 to $225.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of MarketAxess from $258.00 to $264.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays dropped their price objective on shares of MarketAxess from $256.00 to $225.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, UBS Group lowered their target price on shares of MarketAxess from $330.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, MarketAxess presently has a consensus rating of “Hold” and a consensus target price of $254.78.

MarketAxess Trading Up 0.2 %

MarketAxess stock opened at $194.26 on Tuesday. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 3.89 and a beta of 1.02. The company’s 50-day moving average price is $215.60 and its two-hundred day moving average price is $244.65. MarketAxess Holdings Inc. has a 52 week low of $186.84 and a 52 week high of $296.68.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.03. MarketAxess had a net margin of 33.56% and a return on equity of 20.23%. Research analysts expect that MarketAxess Holdings Inc. will post 7.79 earnings per share for the current fiscal year.

MarketAxess Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 19th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $3.04 annualized dividend and a dividend yield of 1.56%. This is a boost from MarketAxess’s previous quarterly dividend of $0.74. MarketAxess’s payout ratio is currently 41.82%.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.